Somewhat Favorable Press Coverage Somewhat Unlikely to Affect ABB (NYSE:ABB) Stock Price

News stories about ABB (NYSE:ABB) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ABB earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.4865193776243 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of ABB (ABB) traded down 0.87% during midday trading on Friday, reaching $22.71. 1,723,073 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $23.93 and a 200 day moving average price of $23.91. The company has a market cap of $48.46 billion, a P/E ratio of 21.88 and a beta of 1.06. ABB has a 12 month low of $20.26 and a 12 month high of $25.83.

ABB (NYSE:ABB) last announced its earnings results on Thursday, July 20th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. ABB had a net margin of 6.87% and a return on equity of 18.62%. The business had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. Equities research analysts forecast that ABB will post $1.25 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on ABB. Zacks Investment Research lowered shares of ABB from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Robert W. Baird reaffirmed an “outperform” rating and set a $28.00 price target (up from $27.00) on shares of ABB in a research report on Friday, June 16th. Morgan Stanley reaffirmed a “buy” rating on shares of ABB in a research report on Thursday, April 27th. UBS AG reaffirmed a “sell” rating on shares of ABB in a research report on Monday, July 24th. Finally, BidaskClub lowered shares of ABB from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.25.

ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect ABB (NYSE:ABB) Stock Price” was posted by BNB Daily and is owned by of BNB Daily. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-abb-nyseabb-stock-price-updated-updated-updated.html.

About ABB

ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.

Insider Buying and Selling by Quarter for ABB (NYSE:ABB)

Receive News & Ratings for ABB Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABB Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply